Press release
Key Factor Supporting Global Smart Container Market Development in 2025: Rise In Demand For IoT-Based Devices
Smart Container
How Large Will the Smart Container Market Size By 2025?
The size of the smart container market has witnessed significant growth in the past few years. The market is projected to expand from $3.98 billion in 2024 to $4.7 billion in 2025, with a compound annual growth rate (CAGR) of 18.0%. The unprecedented growth during the historical period is due to factors such as a surge in global trade, regulatory compliance, optimization of the supply chain, security issues, and the need for real-time monitoring.
How Big Is the Smart Container Market Size Expected to Grow by 2029?
The market size of smart containers is predicted to rapidly expand over the next few years, reaching a value of $9.19 billion in 2029 with a compound annual growth rate (CAGR) of 18.3%. The growth anticipated in the forecast period can be associated with several factors including the implementation of 5G, the rise of autonomous vehicles, initiatives tied to smart cities, the expanding e-commerce sector, and intermodal transportation. Key trends projected for the forecast period encompass the proliferation of edge computing, the incorporation of augmented reality in logistics, the dominance of smart container-as-a-service (CaaS), digital twins technology, and sustainability metrics.
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Which Key Market Drivers Powering Smart Container Market Expansion and Growth?
The increase in the usage of IoT (Internet of Things) devices is projected to stimulate the expansion of the smart container market. IoT encompasses the interconnected network of devices and the enabling technology for their interaction in the cloud. Smart containers are part of this IoT network, utilising smart devices with embedded systems to amass, transmit and receive data. This amalgamation allows real-time GPS tracking, enhances security measures, and enables condition reporting that can forewarn operators of impending issues. With the incorporation of IoT for improved decision making, smart containers take the digitisation of shipping beyond just paperless operations. Consequently, as the uptake of IoT devices escalates, so does the demand for the smart container market. For example, Ericsson, a telecommunications company based in Sweden, reported in March 2023 that the number of IoT connections in 2022 stood at 13.2 billion, but this figure is predicted to climb to 34.7 billion. Hence, the smart container market is being propelled by the increasing adoption of IoT devices.
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Which Fast-Growing Trends Are Poised to Disrupt the Smart Container Market?
Leading firms in the smart container industry are striving to produce advanced, long-lasting materials and composite constructions in order to boost the efficiency of supply chains and enhance cargo tracking. This will ensure a higher level of transparency and sustainability in logistic operations. The strategy of composite construction merges various materials to build a product that is tougher and more long-lasting, delivering better performance, weight reduction, and superior insulation than conventional materials. For example, AELER Technologies SA, a company based in Switzerland providing logistics services, unveiled its latest generation container, 'Unit One', in Singapore Maritime Week in April 2023. It is designed to be more resilient, better insulated, and smarter than conventional containers. The composite materials used in 'Unit One' enable an increase in cargo capacity and a decrease in carbon emissions, with the aim to significantly lessen the amount of empty containers being shipped worldwide.
What Are the Emerging Segments in the Smart Container Market?
The smart containermarket covered in this report is segmented -
1) By Offering: Hardware, Software, Services
2) By Technology: GPS (Global Positioning System), Cellular, LoRa WAN (Long Range Wide Area Network), Bluetooth Low Energy (BLE), Other Technologies
3) By Size: Small Enterprises, Medium Enterprises, Large Enterprises
4) By Vertical: Food and Beverages, Pharmaceuticals, Oil and Gas, Chemicals, Other Verticals
Subsegments:
1) By Hardware: GPS Tracking Devices, Sensors, RFID Tags, IoT Devices
2) By Software: Container Management Software, Monitoring And Analytics Software, Fleet Management Software, Inventory Management Software
3) By Services: Consulting Services, Integration Services, Maintenance And Support Services, Training And Development Services
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Who Are the Global Leaders in the Smart Container Market?
Major companies operating in the smart container market include Ambrosus Technologies GmbH, Sensitech Inc., Nexxiot AG, Traxens SA, Orbcomm Inc., Globe Tracker ApS, Hapag-Lloyd AG, Smart Containers Group AG, Emerson Electric Co., Phillips Connect Technologies, Tive Inc., Hanhaa Limited, Robert Bosch GmbH, Monnit Corporation, ConexBird Oy, Identec Solutions AG, Roambee Corporation, Techwave Group, Ahrma Group, Containerchain Pty Ltd, Savvy Telematic Systems AG, Sealand - A Maersk Company, WAM Technologies LLC, Logmore Oy, CargoSense Inc., Arviem AG, Sensor Transport Inc., Savi Technology Inc., Zebra Technologies Corporation, BluJay Solutions Inc.
Which are the Top Profitable Regional Markets for the Smart Container Industry?
Asia-Pacific was the largest region in the smart container market in 2024. The regions covered in the smart container market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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